Tuesday, August 10, 2010

* Not sure how anyone can read today's Fed minutes as anything but bearish. The Fed is impotent when it comes to the primary issue in the US - employment. Taking the baby step of QE2 lite will do virtually nothing to help the situation.

* What's the next bullish catalyst for stocks? We are passed earnings season, now what?

* Analyst reports today re Intel not good re 3Q10 orders.

* Technicals are poised for downside breaks - first pullback, then rally, then ????

Now that investors are getting comfortable with deceleration but no recession, the greater risk appears to be on bullish disappointment side of the equation.

That said, it is always advisable to remember the Keynesian beauty contest: It's not who you think will win, but who you think everyone else thinks will win.

bio

President and Global Investment Strategist with Blue Marble Research and author of "Sectors and Styles" (Wiley 2006). Vinny is a leading investment strategist and asset manager. He appears regularly in the financial media (Bloomberg TV & Radio, Financial Times, Wall Street Journal, CNBC, Yahoo Finance, foxbusiness.com, BNN TV, New Delhi TV, CCTV - America, Barrons, Reuters) and is a frequent guest speaker at various major investment forums. Vinny also produces and conducts timely topical and educational programs with various CFA Societies and other groups, including the highly acclaimed "Market Forecast Series". Vinny is a past president of the New York Society of Security Analysts, a managing member of Adriatic Capital Partners, and a Nonresident Senior Fellow at the Information Technology and Innovation Foundation. Vinny attended The Juilliard School and New York University and earned his CFA charter in 1986.

Morning Call May 2007

Morning Call April 2007

CNBC "Kudlow & Co". March 2007

Morning Call March 2007

Kudlow & Co. February 2007

McDonald, Catalano, Luskin, and Burnett

Kudlow & Co. February 2007

Laffer, Catalano, and Froehlich

Kudlow & Co. January 2007

Malpass, Abrams, and Catalano

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The information found on this blog and in published reports. was prepared from data we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. Such information and any views or opinions expressed herein are not to be considered as an offer to sell or a solicitation of an offer to buy securities of the sectors or styles covered on this blog and in published reports. Opinions expressed are subject to change without notice. Past results are no indication of future results.

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